BidaskClub cut shares of Trustmark Corporation (NASDAQ:TRMK) from a sell rating to a strong sell rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently weighed in on the stock. Stephens restated a hold rating on shares of Trustmark Corporation in a research report on Wednesday, April 26th. Zacks Investment Research cut shares of Trustmark Corporation from a buy rating to a hold rating in a research report on Tuesday, May 16th. Hovde Group cut shares of Trustmark Corporation from an outperform rating to a market perform rating and set a $34.00 target price for the company. in a research report on Friday, June 23rd. Jefferies Group LLC reiterated a hold rating and issued a $35.00 target price on shares of Trustmark Corporation in a research report on Friday, May 5th. Finally, Keefe, Bruyette & Woods set a $31.00 target price on shares of Trustmark Corporation and gave the company a hold rating in a research report on Monday, April 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $34.20.

Trustmark Corporation (NASDAQ TRMK) traded up 0.16% during trading on Friday, reaching $31.70. 176,616 shares of the company traded hands. The company has a market capitalization of $2.15 billion, a P/E ratio of 18.67 and a beta of 1.13. Trustmark Corporation has a 52 week low of $25.56 and a 52 week high of $36.79. The firm has a 50-day moving average price of $32.29 and a 200-day moving average price of $32.39.

Trustmark Corporation (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. The company had revenue of $157.10 million during the quarter, compared to analysts’ expectations of $152.57 million. Trustmark Corporation had a net margin of 18.35% and a return on equity of 8.04%. During the same period in the prior year, the business posted $0.40 earnings per share. Analysts forecast that Trustmark Corporation will post $1.75 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Wednesday, August 30th. Trustmark Corporation’s dividend payout ratio (DPR) is 54.12%.

In other news, insider Duane A. Dewey sold 5,748 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $30.85, for a total value of $177,325.80. Following the completion of the sale, the insider now directly owns 27,909 shares in the company, valued at $860,992.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Charles Scott Woods sold 1,000 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $32.00, for a total transaction of $32,000.00. Following the completion of the sale, the insider now owns 13,344 shares of the company’s stock, valued at $427,008. The disclosure for this sale can be found here. 1.37% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Trustmark Corporation by 18,306.5% in the first quarter. BlackRock Inc. now owns 9,862,184 shares of the financial services provider’s stock worth $313,520,000 after buying an additional 9,808,604 shares during the period. Vanguard Group Inc. boosted its stake in shares of Trustmark Corporation by 5.5% in the first quarter. Vanguard Group Inc. now owns 5,509,048 shares of the financial services provider’s stock worth $175,133,000 after buying an additional 286,219 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Trustmark Corporation by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,843,163 shares of the financial services provider’s stock worth $153,965,000 after buying an additional 179,142 shares during the period. State Street Corp boosted its stake in shares of Trustmark Corporation by 12.7% in the first quarter. State Street Corp now owns 3,447,765 shares of the financial services provider’s stock worth $109,605,000 after buying an additional 388,060 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Trustmark Corporation by 5.7% in the first quarter. Wells Fargo & Company MN now owns 2,162,191 shares of the financial services provider’s stock worth $68,736,000 after buying an additional 117,103 shares during the period. Institutional investors and hedge funds own 62.36% of the company’s stock.

About Trustmark Corporation

Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.

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